SOLUTION: In 2003, the price of a certain automobile was approximately $32,500.00 with a depreciation of $2,690.00 per year. After how many years will the car's value be $13,670.00? a) Writ

Algebra ->  Finance -> SOLUTION: In 2003, the price of a certain automobile was approximately $32,500.00 with a depreciation of $2,690.00 per year. After how many years will the car's value be $13,670.00? a) Writ      Log On


   



Question 1099626: In 2003, the price of a certain automobile was approximately $32,500.00 with a depreciation of $2,690.00 per year. After how many years will the car's value be $13,670.00?
a) Write an equation to model the problem. Let t represent the number of years after 2003.
Answer:
b) Solve the equation to answer the question above. (Note: Include the units, in this case years.)
Answer:

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +V+ = the value of the car +t+ years after 2003
+V+=+32500+-+2690t+
--------------------------
+V+=+13670+
+13670+=+32500+-+2690t+
+2690t+=+32500+-+13670+
+2690t+=+18830+
+t+=+7+
7 years after 2003, which is 2010, the
value of the car will be $13,670